Common use of By ATE Clause in Contracts

By ATE. (1) ATE further undertakes that, so long as any sum remains to be lent or remains payable under the Credit Agreement, ATI (either directly or through one or more of its subsidiaries in which it owns not less than 95 per cent. of the issued share capital of that subsidiary) will have an effective shareholding in not less than 30 per cent. of the issued share capital of the Borrower for a period of not less than four years from the date of the Joint Venture Agreement.

Appears in 3 contracts

Samples: Agreement (Chartered Semiconductor Manufacturing LTD), Supplemental Agreement (Chartered Semiconductor Manufacturing LTD), Chartered Semiconductor Manufacturing LTD

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By ATE. (1) ATE further undertakes that, at all times up to 13th March, 2001 so long as any sum remains to be lent or remains payable under the Credit Agreement, ATI (either directly or through one or more of its subsidiaries in which it owns not less than 95 per cent. of the issued share capital of that subsidiary) will have an effective shareholding in not less than 30 per cent. of the issued share capital of the Borrower for a period of not less than four years from the date of the Joint Venture AgreementBorrower.

Appears in 1 contract

Samples: Chartered Semiconductor Manufacturing LTD

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